Here are some links that I have found that may be helpful to research what it would take to gain residency status in the country of Panama.
http://www.panama-offshore-services.com/passportprograms/multiple-entry-exit-visa.htm
Here is another good web page about Panama Residency http://www.ptshamrock.com/panres.html Not really sure what this company is all about but they are saying that you can get you panama residency for $40,000 plus $1,100 to the Government plus $1500 to them for their fee. A note on another page states that they are not doing the residency programs anymore http://www.ptshamrock.com/2pp.html
Found another good website here at www.panamalaw.org. They have several different Visa programs laid out. The one that the other http://www.panamalaw.org/live_and_retire_in_panama.html?gclid=CNKQrr2Vp4cCFQNuGgoduhSL9g
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